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| Author: | Juan, R. de |
| Title: | The independent submarkets model: an application to the Spanish retail banking market |
| Journal: | International Journal of Industrial Organization
2003 : DEC, VOL. 21:10, p. 1461-1487 |
| Index terms: | Banks Industrial concentration |
| Freeterms: | Independent submarkets Fragmentation |
| Language: | eng |
| Abstract: | The author tests the predictions of Sutton's independent submarkets model with data on the Spanish retail banking market. The prediction of this model for aggregates of submarkets is that the form of equilibrium outcome must involve some minimal degree of size inequality. The results are consistent with the predictions of the theoretical model. |
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